When it comes to credit cards, how high of a credit limit should you try to get? More importantly, should you apply for a specific card just because of its high limit? Or could it possibly be a bad thing to have too much available credit at any given time? read more..

Most of us have them, and some of us probably can’t live without them. But what exactly is a credit card?

Credit cards are a personal cash flow management tool that allows the cardholder – that’s you – to make authorised purchases up to a pre-determined credit limit which is then paid off in cash to the card issuer at a later date.

Credit cards are issued by banks and other financial institutions who often but don’t always charge an annual fee to the card holder. read more..

Have you ever wondered how your credit card company chose what credit limit to offer you? Or do you wish you knew what might encourage them to increase your credit limit? Credit cards don’t have a single set limit that every approved cardholder is given. Instead the issuing banks take several factors into consideration.

Let’s look at some of the factors credit card companies consider when they approve you as a cardholder and set your initial credit limit. read more..

Do you ever feel “at war” with your credit card companies? Does it seem like your interests and theirs are completely unaligned? That could very well be the case. Consumers and credit card companies have very different ideas of what credit cards are really all about. And sometimes those interests clash.

Today let’s talk about what credit cards often mean to each of those groups, to give you a better idea of why tensions sometimes exist. read more..

You took the time to fully research several credit card offers to find the right card for you. Now it’s time to apply. If this is your first credit card, you might be wondering what kind of information the credit card application will ask for. And it’s good information to know up front so you can have all of the necessary documents and details on-hand to save time.

Today let’s talk about credit card applications, making sure you’re eligible for the offer you chose, and what information you’ll need to provide for that credit card application. read more..